BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
According to the GIBS Dynamic Markets Index, institutional rigour has deteriorated in all BRICS countries with the exception of China.
The Money Show’s Bruce Whitfield interviewed Simon Freemantle, Senior Political Economist in Standard Bank's global research team.
Freemantle gave five reasons why he believes BRICS still counts.
Listen to the audio below for more detail.
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